Carbon emission permits in China's fledgling CO2 markets will trade below $5 a ton in initial years, lower than the crisis-hit European market, a survey found on Thursday. Consultancy Climate Bridge's survey found companies expected trade to be hampered by a lack of regulation.
The world's biggest-emitting nation, China is launching pilot markets in its regions as a first step to building a national emissions trading scheme to rein in its output of heat-trapping gases blamed for causing climate change...............................................Full Article: Source